Tatung Fine Chemicals Co (ROCO:4738) ROCE % : 7.80% (As of Jun. 2024)

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What is Tatung Fine Chemicals Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tatung Fine Chemicals Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.80%.

Tatung Fine Chemicals Co ROCE % Historical Data

The historical data trend for Tatung Fine Chemicals Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tatung Fine Chemicals Co ROCE % Chart

Tatung Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.94

-5.76

4.55

3.77

3.49

Tatung Fine Chemicals Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.52	2.90	4.89	2.09	7.80

Tatung Fine Chemicals Co ROCE % Calculation

Tatung Fine Chemicals Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7.044	/	( ( (351.667 - 138.898)	+	(315.104 - 123.68) )	/ 2 )
	=	7.044	/	( (212.769	+	191.424)	/ 2 )
	=	7.044	/	202.0965
	=	3.49 %

Tatung Fine Chemicals Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	14.762	/	( ( (315.104 - 123.68)	+	(322.391 - 135.287) )	/ 2 )
	=	14.762	/	( ( 191.424	+	187.104 )	/ 2 )
	=	14.762	/	189.264
	=	7.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Tatung Fine Chemicals Co (ROCO:4738) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tatung Fine Chemicals Co ROCE % Related Terms

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Tatung Fine Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tatung Fine Chemicals Co Ltd (ROCO:4738) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 247-1, Caoluo Village, Guanyin District, Taoyuan City, TWN, 10435

Website

https://www.twtfc.com

Tatung Fine Chemicals Co Ltd manufactures and sells coatings and paints. Its product line includes electro-deposition coatings comprising epocy cathodic electro-deposition coating used to apply the primer to automobiles and other products; etc. The company's product includes Epoxy resin, Acrylic electrocoat, Electronic coating, Fan Li water insulation coating.

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